Cost of Living Comparison Between Australia and Iceland 
| Indices Difference |  |
|---|---|
| Cost of Living in Iceland is 45.3% higher than in Australia (without rent) | |
| Cost of Living Including Rent in Iceland is 47.4% higher than in Australia | |
| Rent Prices in Iceland are 52.8% higher than in Australia | |
| Restaurant Prices in Iceland are 67.7% higher than in Australia | |
| Groceries Prices in Iceland are 39.2% higher than in Australia | |
| Local Purchasing Power in Iceland is 18.0% lower than in Australia | |
Restaurants | Australia Edit |
Iceland Edit | Difference |
|---|---|---|---|
| Meal, Inexpensive Restaurant |
25.00 A$ (2,068.29 kr) |
36.26 A$ (3,000.00 kr) |
+45.0 % |
| Meal for 2 People, Mid-range Restaurant, Three-course |
120.00 A$ (9,927.80 kr) |
217.57 A$ (18,000.00 kr) |
+81.3 % |
| McMeal at McDonalds (or Equivalent Combo Meal) |
15.00 A$ (1,240.97 kr) |
30.22 A$ (2,500.00 kr) |
+101.5 % |
| Domestic Beer (1 pint draught) |
10.00 A$ (827.32 kr) |
18.13 A$ (1,500.00 kr) |
+81.3 % |
| Imported Beer (12 oz small bottle) |
11.00 A$ (910.05 kr) |
15.71 A$ (1,300.00 kr) |
+42.8 % |
| Cappuccino (regular) |
5.35 A$ (442.37 kr) |
9.06 A$ (749.67 kr) |
+69.5 % |
| Coke/Pepsi (12 oz small bottle) |
4.06 A$ (335.91 kr) |
5.00 A$ (413.44 kr) |
+23.1 % |
| Water (12 oz small bottle) |
3.32 A$ (274.92 kr) |
4.00 A$ (330.56 kr) |
+20.2 % |
Markets | Australia Edit |
Iceland Edit | |
| Milk (regular), (1 gallon) |
8.91 A$ (737.51 kr) |
10.60 A$ (876.70 kr) |
+18.9 % |
| Loaf of Fresh White Bread (1 lb) |
3.41 A$ (282.49 kr) |
5.58 A$ (461.85 kr) |
+63.5 % |
| Rice (white), (1 lb) |
1.45 A$ (119.56 kr) |
2.38 A$ (197.27 kr) |
+65.0 % |
| Eggs (regular) (12) |
6.53 A$ (540.58 kr) |
9.75 A$ (806.59 kr) |
+49.2 % |
| Local Cheese (1 lb) |
6.25 A$ (517.34 kr) |
12.29 A$ (1,016.48 kr) |
+96.5 % |
| Chicken Fillets (1 lb) |
5.91 A$ (488.80 kr) |
16.06 A$ (1,328.49 kr) |
+171.8 % |
| Beef Round (1 lb) (or Equivalent Back Leg Red Meat) |
9.70 A$ (802.11 kr) |
28.80 A$ (2,382.84 kr) |
+197.1 % |
| Apples (1 lb) |
2.22 A$ (183.30 kr) |
2.11 A$ (174.20 kr) |
-5.0 % |
| Banana (1 lb) |
1.90 A$ (157.34 kr) |
1.69 A$ (139.94 kr) |
-11.1 % |
| Oranges (1 lb) |
2.04 A$ (168.54 kr) |
1.99 A$ (164.96 kr) |
-2.1 % |
| Tomato (1 lb) |
2.96 A$ (244.53 kr) |
3.56 A$ (294.68 kr) |
+20.5 % |
| Potato (1 lb) |
1.70 A$ (140.93 kr) |
2.48 A$ (205.46 kr) |
+45.8 % |
| Onion (1 lb) |
1.49 A$ (123.22 kr) |
1.53 A$ (126.38 kr) |
+2.6 % |
| Lettuce (1 head) |
3.35 A$ (276.85 kr) |
5.13 A$ (424.75 kr) |
+53.4 % |
| Water (1.5 liter bottle) |
2.33 A$ (192.99 kr) |
3.54 A$ (293.00 kr) |
+51.8 % |
| Bottle of Wine (Mid-Range) |
20.00 A$ (1,654.63 kr) |
36.26 A$ (3,000.00 kr) |
+81.3 % |
| Domestic Beer (0.5 liter bottle) |
6.95 A$ (574.73 kr) |
5.55 A$ (459.45 kr) |
-20.1 % |
| Imported Beer (12 oz small bottle) |
7.60 A$ (628.71 kr) |
4.63 A$ (383.18 kr) |
-39.1 % |
| Cigarettes 20 Pack (Marlboro) |
48.00 A$ (3,971.12 kr) |
20.85 A$ (1,725.00 kr) |
-56.6 % |
Transportation | Australia Edit |
Iceland Edit | |
| One-way Ticket (Local Transport) |
4.70 A$ (388.84 kr) |
7.74 A$ (640.00 kr) |
+64.6 % |
| Monthly Pass (Regular Price) |
150.00 A$ (12,409.75 kr) |
125.71 A$ (10,400.00 kr) |
-16.2 % |
| Taxi Start (Normal Tariff) |
5.90 A$ (488.12 kr) |
9.55 A$ (790.00 kr) |
+61.8 % |
| Taxi 1 mile (Normal Tariff) |
4.35 A$ (359.49 kr) |
6.30 A$ (521.43 kr) |
+45.0 % |
| Taxi 1hour Waiting (Normal Tariff) |
58.00 A$ (4,798.44 kr) |
128.37 A$ (10,620.00 kr) |
+121.3 % |
| Gasoline (1 gallon) |
6.95 A$ (575.36 kr) |
14.29 A$ (1,182.00 kr) |
+105.4 % |
| Volkswagen Golf 1.4 90 KW Trendline (Or Equivalent New Car) |
44,423.00 A$ (3,675,188.03 kr) |
71,194.04 A$ (5,890,000.00 kr) |
+60.3 % |
| Toyota Corolla Sedan 1.6l 97kW Comfort (Or Equivalent New Car) |
34,853.66 A$ (2,883,500.67 kr) |
80,581.82 A$ (6,666,666.67 kr) |
+131.2 % |
Utilities (Monthly) | Australia Edit |
Iceland Edit | |
| Basic (Electricity, Heating, Cooling, Water, Garbage) for 915 sq ft Apartment |
269.69 A$ (22,312.05 kr) |
132.05 A$ (10,924.64 kr) |
-51.0 % |
| Mobile Phone Monthly Plan with Calls and 10GB+ Data |
40.75 A$ (3,371.50 kr) |
41.43 A$ (3,427.78 kr) |
+1.7 % |
| Internet (60 Mbps or More, Unlimited Data, Cable/ADSL) |
81.15 A$ (6,713.55 kr) |
124.06 A$ (10,263.65 kr) |
+52.9 % |
Sports And Leisure | Australia Edit |
Iceland Edit | |
| Fitness Club, Monthly Fee for 1 Adult |
72.34 A$ (5,984.43 kr) |
120.91 A$ (10,002.92 kr) |
+67.1 % |
| Tennis Court Rent (1 Hour on Weekend) |
25.19 A$ (2,083.77 kr) |
63.72 A$ (5,271.43 kr) |
+153.0 % |
| Cinema, International Release, 1 Seat |
21.00 A$ (1,737.36 kr) |
26.47 A$ (2,190.00 kr) |
+26.1 % |
Childcare | Australia Edit |
Iceland Edit | |
| Preschool (or Kindergarten), Full Day, Private, Monthly for 1 Child |
2,449.09 A$ (202,617.44 kr) |
513.41 A$ (42,475.25 kr) |
-79.0 % |
| International Primary School, Yearly for 1 Child |
19,456.99 A$ (1,609,709.10 kr) |
45,258.31 A$ (3,744,295.00 kr) |
+132.6 % |
Clothing And Shoes | Australia Edit |
Iceland Edit | |
| 1 Pair of Jeans (Levis 501 Or Similar) |
110.54 A$ (9,145.33 kr) |
214.89 A$ (17,778.42 kr) |
+94.4 % |
| 1 Summer Dress in a Chain Store (Zara, H&M, ...) |
78.74 A$ (6,514.46 kr) |
94.66 A$ (7,831.11 kr) |
+20.2 % |
| 1 Pair of Nike Running Shoes (Mid-Range) |
156.80 A$ (12,972.52 kr) |
266.44 A$ (22,042.86 kr) |
+69.9 % |
| 1 Pair of Men Leather Business Shoes |
168.95 A$ (13,977.17 kr) |
377.53 A$ (31,233.82 kr) |
+123.5 % |
Rent Per Month | Australia Edit |
Iceland Edit | |
| Apartment (1 bedroom) in City Centre |
2,110.50 A$ (174,605.49 kr) |
3,351.70 A$ (277,291.67 kr) |
+58.8 % |
| Apartment (1 bedroom) Outside of Centre |
1,682.07 A$ (139,160.62 kr) |
3,013.48 A$ (249,310.34 kr) |
+79.2 % |
| Apartment (3 bedrooms) in City Centre |
3,551.83 A$ (293,848.60 kr) |
4,761.92 A$ (393,961.54 kr) |
+34.1 % |
| Apartment (3 bedrooms) Outside of Centre |
2,631.56 A$ (217,713.33 kr) |
4,086.39 A$ (338,074.07 kr) |
+55.3 % |
Buy Apartment Price | Australia Edit |
Iceland Edit | |
| Price per Square Feet to Buy Apartment in City Centre |
946.50 A$ (78,305.30 kr) |
1,034.88 A$ (85,617.11 kr) |
+9.3 % |
| Price per Square Feet to Buy Apartment Outside of Centre |
706.92 A$ (58,484.83 kr) |
876.62 A$ (72,524.16 kr) |
+24.0 % |
Salaries And Financing | Australia Edit |
Iceland Edit | |
| Average Monthly Net Salary (After Tax) |
5,561.38 A$ (460,101.79 kr) |
6,721.62 A$ (556,090.69 kr) |
+20.9 % |
| Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate | 6.37 | 9.72 | +52.6 % |
| Last update: | March 2025 | March 2025 | |
| Contributors in the past 12 months: | 1523 | 143 |
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